Using Refinitiv's Earnings Aggregates published this morning, Friday, May 22nd, 2020, and updating our spreadsheet, readers can see the continued decline in the rate of erosion in forward estimates, which - all other things being equal - should be very much a positive for the S&P 500 and the US stock market.
Maybe more importantly, the 2021 S&P 500 dollar estimate of $164.04 remains above the 2019 actual EPS dollar figure of $162.93.
I'm putting importance on the relationship between the 2019 actual S&P 500 EPS and the 2021 estimate. Others might disagree with that